What an $8.5M new condo in downtown Savannah looks like

Josh Green

Thu, 01/09/2025 – 15:53

A stately infill project billed as Savannah’s “newest—and last—riverside neighborhood” is coming together with pricing that makes residential real estate in places like Buckhead, Ansley Park, and Morningside seem comparatively accessible.

Upper East River, as the growing development is called, continues Savannah’s mixed-use expansion on what had been marshy fields just east of River Street, off the highway that links the city to Tybee Island.

According to developer Patrick Malloy Communities, Upper East River is offering five distinctive “living environments” that range from brownstone-style townhomes to sprawling penthouses with sweeping river views.

More than 120 units and riverfront amenities buildings are eventually planned, and 84 homes have closed to date, according to the project’s website.

Perks of the location include immediate access to the 1.6-mile Riverwalk and recent development next door, such as Eastern Wharf shops, acclaimed restaurants, and a public boat dock. Upper East River’s amenities—a clubhouse with a pool, rooftop deck, bar, and fitness center—are scheduled to open this year, per listings with Berkshire Hathaway HomeServices Georgia Properties.

Current prices soar to north of $8 million.

Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps

On the flipside, Upper East River’s least expensive, foot-in-the-door option right now is the Emma Townhome. That includes three bedrooms and three and ½ bathrooms in 1,894 square feet for $995,000—and up. (The only townhome on the market in Atlanta right now with similar sizing and pricing is an under-contract offering in Inman Park, which isn’t new but is larger and cheaper.)

But the Big Kahuna of Upper East River real estate is the penthouse at what’s called the Mayor Building Residences. The building offers just five units, and all are spread across a single story.

For $8.5 million, the Mayors Penthouse has three bedrooms and three and ½ bathrooms across 4,400 square feet—for a breakdown of more than $1,700 per square foot.

Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta

Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

Naturally, that price includes an elevator keyed to the penthouse floor, but just two dedicated parking spaces. More unique perks include a private rooftop terrace with a fireplace—and a private pool overlooking the Savannah River.

If renderings are reality, the interiors should be rather gorgeous, of course.

Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC

We’ve checked with sales reps in recent weeks to learn the status of Upper East River’s construction and full delivery, but inquiries weren’t returned. This story will be updated with any additional information that comes.

In the meantime, find more context and a thorough Mayors Penthouse tour in the gallery above.

Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities